Anonymous
Anonymous asked in Business & FinanceSmall Business · 4 weeks ago

Is making your own jewellery and selling it a profitable business?

8 Answers

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  • 4 weeks ago
    Favorite Answer

    Less than one in a hundred thousand people who make jewelry make such a name for themselves that they make any money at all. Good jewelry is made of the most expensive materials you can buy--gold and silver--and these cost a lot of money. The overhead with tools, supplies and materials is ridiculously high. Unless you already have a famous name making jewelry, your chances are close to zero for making money from this. I do craft shows and I can attest to the HUGE number of people who schlep their stuff from one show to another, trying to make money--and most of them barely make their booth fees back. Jewelry is EVERYWHERE. And far less expensive than handmade. If you like making it, go for it--but don't expect to profit from it. Your time, labor and materials will soon eat up any profit margins you can gain.  

  • Anonymous
    3 weeks ago

    It can be, but you have to have the right jewelry.  For example, lots of people do beadwork, they make leather jewelry, or they make gemstone and precious metal jewelry. And your jewelry has to stand out to be profitable. It requires a lot of skill, practice, a good eye for design and color, and marketing skills.  Jewelers are ALL over social media now and that's where you should be to get a following.

  • 3 weeks ago

    The best way to find out if any business would be profitable, no matter what it is, is draw up a budget.  Spreadsheets come in very handy.  Include what you would sell them for and deduct your expenses etc.  You will instantly see if it would be worth your while.

  • 4 weeks ago

    Why would any person smart enough to turn jewelry making into a profitable business give up the information to an anonymous message board to create a bunch of new competition?

    You're looking in absolutely the wrong place for information.

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  • 4 weeks ago

    At this point,  no. Way too many people are doing it. 

  • Scott
    Lv 7
    4 weeks ago

    Making your own jewelry implies you are making it for personal use, not for sale.

  • Anonymous
    4 weeks ago

    Chances are very, very high you will fail.  If it was easy, everyone would be doing it.

  • Kenny
    Lv 7
    4 weeks ago

    It is if you can sell it for more than it costs to make and market it . 

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